Campbell Gray Hotels and developer Investaureum have signed a management agreement for the Palácio de Canavezes on the banks of River Tâmega in Portugal.
The 52-room luxury wellness and medical retreat was scheduled to open in spring 2021.
"We are proud to have been the advisor for this project from the initial concept phase and helped revive this historical former palace known for its medicinal waters for more than a century. Palácio de Canavezes will be a unique destination because of its rich thermal water heritage and holistic wellbeing services, that are perfectly married with the Campbell Gray hotel brand," said Roger A. Allen, RLA Group CEO, said.
RLA was selected by Investaureum to carry out advisory and consultancy services related to the concept and financial feasibility forecast of the hotel, followed by a search for the future operator.